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Markets Right Now: Stock trading is off to a sluggish start

Markets Right Now: Stock trading is off to a sluggish start

The latest on developments in financial markets (All times local):

9:35 a.m.

Stocks are off to a sluggish start on Wall Street as technology companies move lower.

Apple dropped 2.7 percent early Tuesday on speculation that the company would cut its targets for iPhone sales.

Trading was closed Monday for Christmas.

Chipmakers were also lower. Micron Technology gave back 4.1 percent.

The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,681.

The Dow Jones industrial average was little changed at 24,754. The Nasdaq composite lost 36 points, or 0.5 percent, to 6,923.

Bond prices didn't move much. The yield on the 10-year Treasury held steady at 2.48 percent.


Updated : 2021-05-06 15:58 GMT+08:00